Question: Font Paragraphs Styles Question 3: (10 Points) A1, B1 The following transactions on September 30 for Zee Company For each of the following transactions below,
Font Paragraphs Styles Question 3: (10 Points) A1, B1 The following transactions on September 30 for Zee Company For each of the following transactions below, prepare the adjusting entry, if any. required on September 30, the end of the fiscal year. (1) On September 1, paid rent on the track facility for three months. $180,000 (2) On September 1, sold $840,000 season tickets for admission to the racetrack. The racing season is year-round. (3) Prepaid Insurance account began the year with a balance of $230. During the year, insurance in the amount of $570 was purchased. At the end of the year March 31st, the amount of insurance still unexpired was $350. (4)Purchased $2,500 of supplies. On September 30, determined that $300 of supplies were on hand (5) Zee Company performed services but not paid prior to September 30, totaled $10,000 Date Accounts Debit Credit uted States
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
